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The Benefits of VITAL Card

Stephen Cook Stephen Cook on November 9, 2022

VITAL Card’s sleek metal cards add more than a touch of class to wallets. Available in gold, rose gold, silver, and black, they guarantee 1.5% flat cash back on spending along with a chance to compete for up to 5% cash back in interactive rewards. 

While most rewards from credit card companies are about as exciting as sweaters for Christmas, VITAL Card offers cold hard cash for improving credit scores, making smart financial decisions, and helping to grow their thriving community. In essence, this credit card rewards people for doing the things they would want to do anyway.

VITAL Card challenges users to improve credit scores and spending habits

Scant opportunities to grow credit, high-interest rates, and surprise fees create barriers for many first-time card applicants. VITAL’s mission, however, is to set new credit card holders up for credit success. The company starts by waiving traditional fees. Next, its alternative scoring system opens doors to applicants without established credit. Users can begin with a secured card and improve their credit to level up to the unsecured premium card.  

Once members obtain cards, the game is on! Real-time notifications alert them to ways they can improve their financial habits. If they boost their credit score and demonstrate responsible credit behavior, they can increase their monthly cash-back rewards to as much as 3%. 

“At VITAL, we give our members the chance to join a thriving community where people are building healthy financial futures,” explains Bridges. “Our suite of digital tools, benefits, and rewards will help you in any stage of your credit journey.”

VITAL Card pays users to share

If cardholders enjoy the financial tips and gamification from VITAL, it pays to share. VITAL Card tracks how many new users each cardholder refers and rewards them with monthly cash deposits. As members’ referral scores go up, they are entitled to a larger portion of VITAL’s cash rewards pool. 

“VITAL rewards you when you sign up friends, when your friends sign up friends, and when those friends sign up friends,” Bridges explains. “Each month, we take 1% of the VITAL community’s total spend and give it back. The more you share, the higher your score and the larger piece of the 1% cash back pie you earn. Referral rewards are deposited straight into your account every month.”

When VITAL members invite friends, they earn cash forever — all they have to do is share the VITAL referral link as they network on social media — and the card’s referral rewards can add up to a nice chunk of passive income. For example, cardholders who refer four friends stand to earn $210 each month if those friends go on to refer four friends of their own.

VITAL Card tracks rewards with an app and powerful digital tools

VITAL’s online app enables users instant access to card details and financial tracking. Tools on the app empower users with control over their accounts and finances. At any time, they can check and pay balances, track spending and transactions, look up statements, invite friends, check rewards, share VITAL cash, and obtain credit score updates and insights.

The app also offers enhanced ID protection by allowing users to change their card numbers. A VITAL user can request a new number any time they feel identity theft is a risk. In addition, VITAL takes extra steps to protect members by monitoring social security number alerts along with other security concerns.

VITAL Card is rethinking the way credit card companies reward members. Exciting gamification motivates sharing and responsible spending, and an interactive app allows members to track scores and rewards. The VITAL community is earning significant cash-back rewards each month and learning ways to stretch those dollars even further. Who wouldn’t share that news? 

Apple to make minor changes for Siri’s activation

Ken Jacobs Ken Jacobs on November 8, 2022

Image source: Shutterstock

Apple has made many innovations so far in 2022, and another change is coming with the interactive Siri functionality.

The tech giant reportedly intends to drop the “Hey” prompt.

The report

According to reports, Apple is training Siri, its voice assistant, to follow commands without saying the first half of the phrase “Hey Siri.”

The activation phase launches Siri on Apple products such as:

  • The iPhone
  • The iPad
  • The HomePod
  • The Apple Watch.

According to Bloomberg, the move could occur in 2023 or 2024.

Read also: Apple braces for iPhone shipment delays

Changes

Although the update is minor, experts believe it is a sign that more changes are underway and that in-depth training in artificial intelligence will be necessary.

Lian Jye Su, research director at ABI Research, said the system recognizes requests from two keywords more accurately.

The transition to the use of a word would depend on a more advanced AI system.

“During the recognition phase, the system compares the voice command to the user-trained model,” explained Su.

“‘Siri’ is much shorter than ‘Hey Siri,’ giving the system potentially less comparison points and higher error rate in an echo-y, large room and noisy environments.”

The move

Apple’s change would allow them to catch Amazon’s “Alexa” prompt, which doesn’t require an initial activation word for the voice assistant.

In 2018 Microsoft said goodbye to the “Hey Cortana” prompt, allowing users to simply say “Cortana” to smart speakers.

However, users still need to use the phrase “Ok Google” for Google products.

The “Hey Siri” change comes when Apple, Amazon and Google are working together on the Matter automation standard.

The Matter automation standard enables automation devices and the Internet of Things from different vendors to interoperate.

James Sanders, the chief analyst at market research firm CCS Insight, says Apple’s priority is likely to increase efforts to improve Siri features.

Read also: Apple continues to fare well amid economic downturn

Siri

Apple’s voice assistant has been online since February 2010, more than twelve years ago.

It started as a standalone app on Apple’s App Store before the tech giant bought it two months later.

Apple then integrated Siri into iPhones, starting with the 4S.

It introduced the ability to say “Hey Siri” without using the home button in 2014.

Over the years, Siri grew smarter by integrating third-party developers like ride-hailing and payment apps.

It also supports follow-up questions, multiple languages, and other logins.

Despite the improvements, Siri still has problems, including misunderstandings and wrong answers.

“While the ‘Hey Siri’ change requires a considerable amount of work, it would be surprising if Apple announced only this change to Siri,” said Sanders.

“Considering the rumored timing, I would anticipate this change to be bundled with other new or improved functionality for Siri, perhaps alongside a new model of HomePod and integrations with other smart home products via Matter, as a reintroduction to Apple’s voice assistant.”

Reference:

Why Apple may be working on a ‘hey Siri’ change

Elon Musk to shift revenue from ads to Twitter Blue

Sarah White Sarah White on November 7, 2022

Image source: Fox Business

Elon Musk has been at work with significant changes to the popular social media platform Twitter after buying the company last week.

His first major decision was to remove senior executives from the company.

Since then, Musk has shifted his focus on Twitter’s revenue.

Twitter Blue

As Twitter’s new CEO, Musk made his intention clear to make the company less reliant on advertising for revenue.

He is thinking, in particular, of transforming Twitter’s premium service, Twitter Blue.

Right now, Twitter Blue is available in four countries for $4.99 per month.

Musk shared that he plans to raise the price to $8.

However, the most significant change in his plans is for Twitter Blue to have a blue checkmark next to the paying user’s handle.

The blue checkmark is often seen on verified profiles, most of which belong to organizations, athletes, celebrities, and internet celebrities.

It also acts as a symbol of status on Twitter.

Elon Musk’s plan is a direct answer to claims that allege the service would cost $20.

Read also: Twitter thinking about charging for verification

Changes

Tesla’s founder and CEO unfolded his new monetary plan in a series of tweets.

There, Elon Musk described the current Twitter system “bull****.”

His plan includes giving verification services to users who are willing to spend money every month for Twitter Blue.

The subscription service will prioritize the user’s interactions, comments and mentions.

Musk’s proposed Twitter Blue subscription doubles as a method to combat spam.

Read also: General Motors plans to stop advertising on Twitter

Benefits of the service

Users who pay for the Twitter Blue service can post longer videos and audio.

Additionally, Elon Musk says the change will allow subscribers to see half of the ads that other users see.

Meanwhile, publishers who want to work with Twitter will get the exclusivity of a paywall bypass.

Another key feature that Twitter Blue subscribers will get is the ability to edit their own tweets, a long-awaited feature.

For now, it is only enabled for Blue users.

However, the editing feature will soon be free for everyone, according to Casey Newton of Platformer.

The arrival of the new update is currently pure speculation on when and if.

However, upon the update’s arrival, users will finally get to experience writing a secondary tag.

As of now, secondary tags are exclusive to high-profile politicians.

Reference:

Musk to increase Twitter Blue subscription to $8, verified checkmarks will be secondary

Elon Musk posts conspiracy theory on Paul Pelosi’s attack

Karla Perry Karla Perry on October 31, 2022

Image source: Architectural Digest

Elon Musk has finally gotten his hands on the popular social media platform Twitter after six months of on-off interest.

His Twitter ownership was finalized late last week.

On Sunday, Musk appeared to give credence to a conspiracy theory about the recent attack on Paul Pelosi.

The tweet

Elon Musk tweeted a link to an article filled with a conspiracy theory about Pelosi.

The site claimed to be a news channel.

Musk responded to Hillary Clinton on Twitter, who wrote:

“The Republican Party and its mouthpieces now regularly spread hate and deranged conspiracy theories.”

“It is shocking, but not surprising, that violence is the result.”

“As citizens, we must hold them accountable for their words and the actions that follow.”

Elon Musk posted the link to a foundationless story, saying:

“There is a tiny possibility there might be more to this story than meets the eye.”

The website made false claims in 2016, saying the real Clinton is dead.

Additionally, the site advocates for the idea that the person in the presidential campaign was Clinton’s body double.

Musk’s tweet raises concerns about how he will manage the social media platform.

As a result, many question disinformation and hate receiving a more prominent platform now.

Read also: General Motors plans to stop advertising on Twitter

Elon Musk’s takeover

The Tesla owner finalized his purchase of Twitter on Thursday evening.

Musk’s acquisition is disruptive to Twitter employees and the hundreds of millions of people worldwide who use the platform.

His purchase could also play a significant role in the upcoming US midterm elections.

Previously, Elon Musk promised to restore accounts of banned users and limit content restrictions.

Donald Trump, in particular, is among those banned from Twitter.

Read also: Elon Musk clears the air around his tweet saying he would buy English club Manchester United

Initial goals

When he agreed to buy the company in April and before deciding to try to opt-out, Elon Musk emphasized two objectives:

To bolster free speech on Twitter

To unlock the platform’s extraordinary potential

Musk suggested revising Twitter’s approach to content moderation and permanent bans.

However, it could also potentially influence civil discourse and the political landscape.

In addition, the Tesla owner highlighted his goal of removing bots from Twitter.

The same argument about the number of bots on the platform later became his argument to cancel the deal.

Reference:

Elon Musk, Twitter’s new owner, tweets conspiracy theory about attack on Paul Pelosi

Meta stocks take a dip as it falls 17%

Sarah White Sarah White on October 31, 2022

Image source: Business Today

Meta released its second-quarter revenue on Wednesday, revealing the company has been in decline since the company went public.

The social media giant warns it is making significant changes before 2023 by cutting costs.

The decision was made to deal with the economic downturn hitting Meta’s main online advertising business.

Revenue

Meta posted $27.7 billion in revenue for the three months that ended September.

Revenues are down 4% year-over-year but still ahead of Wall Street analysts’ expectations.

Meta posted its first quarterly decline in the June quarter.

The company also reported a net income of nearly $4.4 billion, less than half the amount it generated in the same period in 2021.

The revenue is below analysts’ forecasts.

Mark Zuckerberg, founder and CEO of Meta, released a statement saying:

“We’re approaching 2023 with a focus on prioritization and efficiency that will help us navigate the current environment and emerge an even stronger company.”

Meta stocks

Shares of the social media giant fell nearly 17% in after-hours trading Wednesday after the results were shown.

Demand for online advertising recently declined due to rising inflation and fears of a recession.

Google and Snap have also seen their advertising revenues take a hit.

Meta CFO David Wehner said the average price per ad across the company’s platforms dropped 18% during the quarter.

Read also: Stock market in October show more positivity but isn’t completely in the clear

App users

Meta user growth is slowing due to competition from rivals like TikTok.

The company had 2.96 billion monthly active Facebook app users at the end of the quarter, up 2% year-on-year.

However, it is also lower than last year’s 6% growth in the same quarter.

Meta’s daily active users of apps grew 4% to 2.93 billion, down from an 11% increase in 2021.

Zuckerberg noted that Instagram now has more than 2 billion monthly active users, while WhatsApp has more than 2 billion daily active users.

The metaverse

The core business challenges come as Meta invests billions of dollars in an ambitious project to build the metaverse.

However, the metaverse is probably years away from being perfect.

Wehner said operating losses from Metaverse ambitions are expected to continue to increase year-over-year in 2023.

The Reality Labs unit lost nearly $3.7 billion in the September quarter.

So far, it has already cost Meta $9.4 billion in 2022.

Additionally, Reality Labs unit sales were down nearly 50% year-over-year in the September quarter.

Changes and reduction

Altimeter Capital, a Meta shareholder, wrote an open letter last week to make changes such as:

  • Reduce headcount expenses by at least 20%
  • Reduce annual expenditure by at least $5 billion
  • Limit investment in the metaverse to $5 billion per year

David Wehner said the company is making significant changes across the board to be more efficient.

Meanwhile, executives said Meta expects its headcount by the end of 2023 to be at or below the 87,314 reported at the end of September.

“We are holding some teams in terms of headcount, shrinking others, and investing headcount growth only in our highest priorities,” said Wehner.

Additionally, the Meta CFO hinted it could shrink its physical office footprint.

Read also: UK gives breakup order, Meta to comply and sell Giphy

Key investments

During the call, Zuckerberg highlighted three key investment areas for the coming years:

  • Meta’s AI discovery engine, which powers Reels and other recommendations
  • Ads and business messaging
  • Meta’s future vision for the metaverse

Earlier this month, Meta introduced the Meta Quest Pro, its latest virtual reality headset.

The company touted its potential for business customers.

Meta expects quarterly sales to be between $30 billion and $32.5 billion for the last three months of 2022.

The forecast marks a decline of 3.5% year-on-year for the same period last year.

Reference:

Meta stock falls 17% as its quarterly profit is cut in half

UK gives breakup order, Meta to comply and sell Giphy

Stephen Cook Stephen Cook on October 22, 2022

Image source: TIME

Facebook parent company Meta is set to sell Giphy as the UK plans to force the tech giant to complete its service takeover.

Giphy is an American online database that users use to find GIFs for social media comments, chats, and text messages.

The news

The announcement is the first time regulators have pulled part of the tech giant since a global antitrust review probed the company’s dominance.

The decision was finalized on Tuesday.

The UK’s Competition and Markets Authority (CMA) decision sparked a long-running battle with Meta over the deal’s impact on competitors’ access to GIFs and the digital advertising market.

Meta went to court to defend the deal, but British officials prevailed over the summer.

The court upheld the CMA’s finding that the acquisition of Giphy could reduce competition by eliminating a competitor in online advertising.

The acquisition also restricts third-party access to Giphy’s GIF library.

Meta response

Facebook’s parent company released a statement on Tuesday confirming that it would accept the UK’s decision as “the final word on the matter.”

A Meta spokesperson clarified the company’s statement, saying:

“We will work closely with the CMA on divesting GIPHY.”

“We are grateful to the GIPHY team during this uncertain time for their business, and wish them every success.”

Although this resulted in a loss, Meta remained optimistic and said it would continue to explore acquisitions.

Acquisitions

Over the years, critics have accused big tech companies of seeking “killer acquisitions” from smaller companies.

Critics say the acquisitions could erode the dominance of the biggest names and reduce potential competition in the industry.

In the United States, the “buy-or-bury” strategy is at the heart of a federal lawsuit forcing Meta to split WhatsApp and Instagram.

The attempted violation by the Federal Trade Commission could lead to a lawsuit in 2024.

Additionally, the FTC has filed a lawsuit to block the social media giant’s acquisition of Within Unlimited, a virtual reality technology company.

They argued that the deal could have given Meta more power to build a “virtual reality empire.”

Meta now faces both lawsuits.

References:

Meta says it will sell Giphy to comply with UK breakup order

India set to run trials with e-rupees in an effort to boost the country’s economy

Lilian Swift Lilian Swift on October 17, 2022

Image source: Hindustan Times

The Reserve Bank of India recently announced plans to test e-rupees, a national cryptocurrency, with the support of the Central Bank of India.

A paper was released by the Reserve Bank of India, claiming they had developed a phased test of their version of the central bank’s digital currency.

The proposal

The Central Bank of India has outlined its vision for the e-rupee, a digital version of the country’s official currency.

The proposal, or concept note, explains the rationale for launching a central bank digital currency, or CBDC.

The concept note also shed some light on how it would be tested throughout different stages.

Central banks around the world have shown growing interest in CBDC as it can serve as an alternative to physical cash.

The RBI cited China, which has been testing its own version of a CBDC alongside 16 other countries, as the driving force behind its decision to try digital currencies.

The paper reads:

“Currently, we are at the forefront of a watershed movement in the evolution of currency that will decisively change the very nature of money and its functions.”

“CBDCs are being seen as a promising invention and as the next step in the evolutionary progression of sovereign currency.”

Co-existing with paper money

In limited trials, the RBI will introduce e-rupees.

They plan to make it another form of money while continuing to produce fiat money.

According to the document, electronic rupees will also be an alternative to cryptocurrencies.

However, the central bank said the unlimited use of cryptocurrency poses a risk to India’s financial and macroeconomic stability.

Widespread use will limit the government’s ability to set and regulate monetary policy, making the CBDC a necessity.

“CBDCs will provide the public with [the] benefits of virtual currencies while ensuring consumer protection by avoiding the damaging social and economic consequences of private virtual currencies,” said the RBI.

CBDC

The Central Bank of India will release two versions of the CBDC.

One of the CBDCs would be used for in-person payments, while the other would be used for processing bank wire transfers and bulk transactions.

According to the RBI, a CBDC could make payments more efficient, robust and reliable.

The RBI recognized that a CBDC would be desirable so that small transactions can be performed anonymously, such as with cash.

However, it also said that securing confidentiality is a challenge.

The central bank wrote:

“The potential for [an] anonymous digital currency to facilitate [a] shadow-economy and illegal transactions makes it highly unlikely that any CBDC would be designed to fully match the levels of anonymity and privacy currently available with physical cash.”

Rollout and debates

The Indian government announced plans to launch a CBDC in February, saying the technology will help boost the country’s economy.

The country is likely feeling the pressure of China’s growing adoption of CBDCs.

Currently, the Chinese CBDC has sparked a debate among US lawmakers over the supremacy of the dollar as the world’s reserve currency.

In June, Federal Reserve Chairman Jerome Powell said Congress would eventually receive guidance from the Federal Reserve on issuing a CBDC.

The Fed struggled with the prospect of a digital dollar in 2017.

“I think it’s something we really need to explore as a country,” said Powell.

“It’s a very important potential financial innovation that will affect all Americans.”

Reference:

India will soon test ‘e-rupee’ digital currency

Thrive Bioscience CEO: Solving Life Science’s Critical Problems by Building a Business Solution

Karla Perry Karla Perry on October 14, 2022

Thomas Forest Farb-Horch is CEO and co-founder of Thrive Bioscience and a serial entrepreneur. He has started 15 software and life science companies, leading seven of them to multi-billion exits. This rich experience has left him with a knowledge set that should prove valuable to many current – and budding – entrepreneurs and company leaders, particularly any looking to make a global impact in people’s lives as well as what appeals to investors. 

Q: First, what is Thrive Bioscience about and what problems does it solve?

Thrive Bioscience delivers automated imaging instruments that allow researchers to see and record changes in live cells that they have never been able to see before. By combining AI, databases, analytics, robotics, microscopy, and fluidics, our solutions vastly improve the results from the $50 billion spent per year in the U.S. alone on pre-clinical stage drug discovery and development research. We are already having a significant impact on research for infectious diseases, cancer, and neurodegenerative diseases. 

Q: That sounds like life-changing work. But what does it mean to the average layperson who just needs a breakthrough treatment delivered to them? 

The tools Thrive Bioscience provides are transforming the speed and efficiency of bringing medicines from lab to patient. And to do this takes the power of the best ideas from multiple fields to solve the pervasive pain points and roadblocks researchers in 80,000 labs around the world face. 

Even though cell culture is key to bio-medical research, it is plagued by critical problems – it is conducted manually and with minimal retention of data, similar to the way it was done 70 years ago. Thrive is bringing industrial automation to biology by providing a family of instruments and software to this neglected area so that we have better cells, better data, better experiments, and more than a miniscule chance of a drug candidate getting from lab to patients.

Q: What are the industry pain points, and market qualities, that gain the attention of investors?

Thrive’s customers are almost all the therapeutic companies you read about – any company pursuing pre-clinical research as part of drug discovery and development. Although these companies are heavily regulated by the FDA, Thrive is not, since we sell research tools. Not requiring FDA approval greatly reduces our risk and our investors’ risks. 

Also, there is not just a biotech and pharma market for our instruments. The cell culture market is approximately $30 billion, with approximately one-fifth of it from industrial, agriculture, and cosmetic companies, which are the fastest-growing segments. 

The poor quality of and lack of information about live cells is a critical problem in drug discovery, with high rates of mislabeling, cross-contamination, and genomic drift. Then, billions of dollars are spent on experiments to study these cells of variable and often poor quality, resulting in costly wrong experimental results. 

Astonishingly, 50% to 80% of all pre-clinical research has been found, across dozens of studies, to be not reproducible. This has caused what is known as the “reproducibility crisis” in science and is one of the principal reasons for such high rates of drug development failures. Thrive is going to solve these problems with data, analytics and automation and significantly improve the efficiency, accuracy, and process of drug discovery. 

We invested in building an incredible patent portfolio, with 86 patent applications and 28 patents issued. Even independent of our success, I think our investors will win either way from that investment in intellectual property.

Q: Finally, what are you most proud of throughout your entire entrepreneurial career – not just with Thrive Bioscience?

I am proud of the drugs, devices, and diagnostics that I have helped bring to patients, which have saved and improved hundreds of thousands of lives. It took passion, persistence, and resilience through dark moments. And it always took investors, staff, friends, family, early customers, and vendors who had the confidence in me and helped me do it. Along the winding road to the success of these companies, there were always many people who made a difference alongside me and after me. I am proud that I could bring them together by articulating a vision and a plan and they backed me. 

There are moments that make all the hard work and stress worthwhile when it comes back to a personal level. I couldn’t help saying out of excitement a couple of months ago while receiving a vaccine, “I helped that safety syringe become a product because we wanted to reduce healthcare worker needle sticks.” And the healthcare worker is excited to meet someone involved and says, “Thank you for doing that.” I always say, “Me and a whole lot of other people.”

Horizon Worlds team placed on ‘quality lockdown,’ Meta employees barely use the platform

Stephen Cook Stephen Cook on October 10, 2022

Image source: Mixed News

When Mark Zuckerberg first shared a glimpse of the Horizon Worlds virtual reality metaverse, the internet didn’t hold back on its criticisms.

Most of the mockery focused on Horizon World’s graphics, prompting him to apologize.

Meta’s CEO said Horizon is “capable of doing so much more” and “improving rapidly.”

It wasn’t the only one, however, as meta collaborators who customize the platform don’t find it very useful.

The Horizon Worlds team

The Verge managed to get hold of an internal memo from the company and claimed that Meta’s Horizon Worlds team was verbally abused by department leaders.

According to the note, the team rarely uses the platform despite orders to use it at work and at home.

Other reminders mentioned that the team had been told to remain on “quality lock” for the rest of the year to continue experiencing issues with the appearance and functioning of the platform.

On September 15, Vishal Shah, VP of Meta’s Metaverse, wrote to employees saying:

“For many of us, we don’t spend that much time in Horizon, and our dogfooding dashboards show this pretty clearly.”

“Why is that? Why don’t we love the product we’ve built so much that we use it all the time?”

“The simple truth is, if we don’t love it, how can we expect our users to love it?”

Horizon Worlds leadership

Two weeks after Shah’s statement, Horizon Worlds management realized that the team member’s involvement with the platform was still unsatisfactory.

In a note written on Sept. 30, Shah wrote that a plan was being developed that she held managers responsible for enforcing mandatory Horizon sessions for employees.

“Everyone in this organization should make it their mission to fall in love with Horizon Worlds. You can’t do that without using it,” said Shah.

“Get in there. Organize times to do it with your colleagues or friends, in both internal builds but also the public build so you can interact with our community.”

Shah admitted that the platform’s onboarding experience is “confusing and frustrating for users.”

She said that “the aggregate weight of papercuts, stability issues, and bugs is making it too hard for our community to experience the magic of Horizon.”

As a result, on September 15, the Horizon Worlds team was ordered to remain in “Quality Lockdown.”

The lockdown aims to ensure the team addresses quality shortcomings and performance issues on the platform before opening it up to more users.

A Meta spokesperson also said that they are making quality improvements based on feedback from a community of developers.

“This is a multiyear journey, and we’re going to keep making what we build better,” said the spokesperson.

The Horizon World division

The platform’s situation is remarkable because Zuckerberg has invested huge sums of money in what he called the future of Meta.

In July, the Metaverse division recorded a significant loss of $2.8 billion for the second quarter, bringing the group’s annual loss to $5.77 billion.

The division lost $10.2 billion last year.

During the second quarter earnings call, Zuckerberg defended shareholders of Facebook Reality Labs (FRL), the Metaverse division.

“This is obviously a very expensive undertaking over the next several years,” he admitted.

“But as the metaverse becomes more important in every part of how we live… I’m confident that we’re going to be glad we played an important role in building this.”

Meta and Web3

Since the company changed its name last fall, Meta has been trying to dominate the Metaverse.

Although Zuckerberg has spent a huge amount of money on the metaverse, the results have yet to be seen.

Meanwhile, Web3 leaders were skeptical of the company’s Metaverse campaign.

Ethereum co-founder Vitalik Buterin said in late July that the metaverse was on its way.

However, he didn’t believe that the companies’ attempts to create the metaverse were going nowhere.

“It’s far too early to know what people actually want,” he said.

“So anything Facebook creates now will misfire.”

Reference:

Zuckerberg’s Metaverse app on ‘quality lockdown’ as even employees won’t use it: report